Civic Intelligence

Multicultural Career Intern Program

990 • Fiscal year 2016 • EIN 52-1263933

Oct 01, 2015 to Sep 30, 2016 • Filed on Feb 14, 2017

3101 16th Street NWWashington, DC 20010

(202) 939-7700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.58x

Higher debt load relative to assets than 82% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

66th percentile

0.25x

Higher debt load relative to revenue than 66% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

25th percentile

-7.5%

Higher net margin than 25% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

75th percentile

$116,852

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

15th percentile

-7.8%

Faster asset growth than 15% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

79th percentile

22%

Faster revenue growth than 79% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,063,886

Down $90,439 (-7.8%) from 2015

Net Assets

Down

$445,154

Down $183,772 (-29%) from 2015

Liabilities

Up

$618,732

Up $93,333 (+18%) from 2015

Revenue

Up

$2,458,834

Up $450,755 (+22%) from 2015

Expenses

Up

$2,642,606

Up $538,321 (+26%) from 2015

Net Income

Down

-$183,772

Down $87,566 (-91%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $1,387,297Liabilities 2011: $333,143Net Assets 2011: $1,054,1542011Assets 2012: $1,105,635Liabilities 2012: $312,710Net Assets 2012: $792,9252012Assets 2013: $1,068,044Liabilities 2013: $485,159Net Assets 2013: $582,8852013Assets 2014: $1,430,385Liabilities 2014: $705,253Net Assets 2014: $725,1322014Assets 2015: $1,154,325Liabilities 2015: $525,399Net Assets 2015: $628,9262015Assets 2016: $1,063,886Liabilities 2016: $618,732Net Assets 2016: $445,1542016Assets 2017: $881,392Liabilities 2017: $183,953Net Assets 2017: $697,4392017Assets 2018: $799,749Liabilities 2018: $136,833Net Assets 2018: $662,9162018Assets 2019: $628,300Liabilities 2019: $161,163Net Assets 2019: $467,1372019Assets 2020: $736,761Liabilities 2020: $420,403Net Assets 2020: $316,3582020Assets 2021: $700,796Liabilities 2021: $196,400Net Assets 2021: $504,3962021Assets 2022: $1,311,689Liabilities 2022: $273,609Net Assets 2022: $1,038,0802022Assets 2023: $1,419,242Liabilities 2023: $393,319Net Assets 2023: $1,025,9232023Assets 2024: $1,331,611Liabilities 2024: $283,311Net Assets 2024: $1,048,3002024

Highlighted filing

2016

Assets$1,063,886
Liabilities$618,732
Net Assets$445,154

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,426,106Expenses 2011: $1,734,033Net Income 2011: -$307,9272011Revenue 2012: $1,331,395Expenses 2012: $1,592,624Net Income 2012: -$261,2292012Expenses 2013: $2,173,6762013Revenue 2014: $2,255,515Expenses 2014: $2,113,268Net Income 2014: $142,2472014Revenue 2015: $2,008,079Expenses 2015: $2,104,285Net Income 2015: -$96,2062015Revenue 2016: $2,458,834Expenses 2016: $2,642,606Net Income 2016: -$183,7722016Revenue 2017: $3,333,092Expenses 2017: $3,080,807Net Income 2017: $252,2852017Revenue 2018: $2,316,825Expenses 2018: $2,358,972Net Income 2018: -$42,1472018Revenue 2019: $2,188,229Expenses 2019: $2,396,944Net Income 2019: -$208,7152019Revenue 2020: $1,959,435Expenses 2020: $2,101,189Net Income 2020: -$141,7542020Revenue 2021: $2,159,035Expenses 2021: $2,011,032Net Income 2021: $148,0032021Revenue 2022: $2,731,756Expenses 2022: $2,128,131Net Income 2022: $603,6252022Revenue 2023: $2,415,359Expenses 2023: $2,457,748Net Income 2023: -$42,3892023Revenue 2024: $2,878,900Expenses 2024: $2,939,029Net Income 2024: -$60,1292024

Highlighted filing

2016

Revenue$2,458,834
Expenses$2,642,606
Net Income-$183,772
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Feb 14, 2017
Return Version
2015v3.0
Gross Receipts
$2,783,947
Mission and Program Overview

Mission

The mission of mcip and its public school affiliate, chec, is to strive to become a model professional learning community that respects and responds to the diverse needs of our underserved students by preparing them for the acasemic rigors of college and as leaders in the quest for social justice. A professional learning community is a collaborative academic environment in which the administrative staff and teachers in a school continuously seek and share learning and then act on what they learn. The goal is to enhance their effectiveness as professionals to benefit student education. The results of this research-based approach is that students experience decreased dropout rate and fewer classes "skipped", lower rates of absenteeism, increased learning that is distributed more equitably in a smaller sized school, greater academic gains than in traditional schools, and smaller achievement gaps between students from different backgrounds.

The mission of mcip and its public school affiliate, chec, is to strive to become a model professional learning community that respects and responds to the diverse needs of our underserved students by preparing them for the academic rigors of college and as leaders in the quest for social justice. A professional learning community is a collaborative academic environment in which the administrative staff and teachers in a school continuously seek and share learning and then act on what they learn. The goal is to enhance their effectiveness as professionals to benefit student education. The results of this research-based approach is that students experience decreased dropout rate and fewer classes "skipped", lower rates of absenteeism, increased learning that is distributed more equitably in a smaller sized school, greater academic gains than in traditional schools, and smaller achievement gaps between students from different backgrounds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$243,729$503,122▲ $259,393
Investments in Publicly Traded Securities$576,912$328,042▼ $248,870
Savings and Temporary Cash Investments$161,472$101,915▼ $59,557
Cash and Non-Interest-Bearing Accounts$169,621$76,884▼ $92,737
Accounts Receivable$2,591$53,923▲ $51,332
Total Assets$1,154,325$1,063,886▼ $90,439
Liabilities
Deferred Revenue$340,091$325,323▼ $14,768
Accounts Payable and Accrued Expenses$145,260$233,861▲ $88,601
Other Liabilities$38,272$57,772▲ $19,500
Escrow Account Liability$1,776$1,776→ $0
Total Liabilities$525,399$618,732▲ $93,333
Net Assets / Fund Balance
Unrestricted Net Assets$628,926$445,154▼ $183,772
Total Net Assets Fund Balance$628,926$445,154▼ $183,772
Total Liabilities and Net Assets / Fund Balance$1,154,325$1,063,886▼ $90,439

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$80,251$80,251
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kapindi KromaDevelopmentFT$100,835$16,017$116,852

Board Members and Trustees

NameTitle
Martha HamiltonChair
Sally CourtneyVice Chair
Maria TukevaExecutive Di
Carol StoelMember-at-la
John a ZemkoMember-at-la
Marie DrisselMember-at-la
Marilyn HarrisMember-at-la
Mercideli MesaMember-at-la
Rosalyn Overstreet GonzalezMember-at-la
Wendy TogneriMember-at-la
Rick BielkeSecretary
Joe L OppenheimerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,788,594
Program Service Revenue
$607,954
Investment Income
$41,998
Other Revenue
$20,288
All Other Contributions
$665,293
Change in Net Assets
$-183,772

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$150,793Fair Market Value
Total Noncash Contributions1$150,793-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,458,834
Total Revenue per Audited Statements
$2,458,834
Total Revenue per Form 990
$2,458,834
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,421,414
Salaries, Compensation, and Employee Benefits$1,139,192
Grants and Similar Amounts Paid$82,000
Total Fundraising Expense$10,060
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$926,049--$926,049
Fees for Services Other$724,329$1,113-$725,442
Information Technology$193,604$245-$193,849
Office Expenses$149,125$19,776$9,360$178,261
Other Employee Benefits$83,020--$83,020
Grants to Domestic Individuals$82,000--$82,000
Payroll Taxes$70,168--$70,168
Pension Plan Contributions$59,955--$59,955
Travel$37,724$11,454$167$49,345
Other Expenses$6,796$14,984$533$22,313
Conferences and Meetings$16,772$2,400-$19,172
Fees for Services Accounting$19,009--$19,009
All Other Expenses$13,583$1,215-$14,798
Insurance$13,674--$13,674
Total Functional Expenses$2,535,438$97,108$10,060$2,642,606

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,642,606
Total Expenses per Audited Statements$2,642,606
Total Expenses per Form 990$2,642,606
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$36,426
Fundraising Gross Income$36,426
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Event$58,708$36,426$36,426$0
Total Events$58,708$36,426$36,426-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Scholarships Payable$57,772
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by management and the treasurer of the board of directors then presented to the entire board of directors prior to filing

Form 990, Page 6, Part VI, Line 12C

Beginning in april 2015, each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy b. Has read and understands the policy c. Has agreed to comply with the policy, and d. Understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes

Form 990, Page 6, Part VI, Line 19

Documents made available at mcip offices upon request.

Filing and Contact Details

Filer

Filer Name
Multicultural Career Intern Program
EIN
52-1263933
Phone
2029397700
Address
3101 16TH STREET NW, WASHINGTON, DC 20010

Signing Officer

Name
Maria Tukeva
Title
Executive Director
Phone
2029397700
Signed
2017-02-14

Organization Details

Principal Officer
Maria Tukeva
Formed
1982
Legal Domicile
Dc
Voting Board Members
12
Independent Board Members
12
Employees
28

Preparer

Firm
Deleon & Stang Cpas and Advisors
Address
100 LAKEFOREST BLVD STE 650, GAITHERSBURG, MD 20877-2609
Preparer
Clint Lehman CPA
Phone
3019489825
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of mcip and its public school affiliate, chec, is to strive to become a model professional learning community that respects and responds to the diverse needs of our underserved students by preparing them for the academic rigors of college and as leaders in the quest for social justice. A professional learning community is a collaborative academic environment in which the administrative staff and teachers in a school continuously seek and share learning and then act on what they learn. The goal is to enhance their effectiveness as professionals to benefit student education. The results of this research-based approach is that students experience decreased dropout rate and fewer classes "skipped", lower rates of absenteeism, increased learning that is distributed more equitably in a smaller sized school, greater academic gains than in traditional schools, and smaller achievement gaps between students from different backgrounds.

Form 990, Page 2, Part III, Line 4D

Education projects and programs - an innovative and bold approach to leveling the economic playing field for college-ready and college-bound students of limited resources. It is based on the principle that academic rigor, combined with the opportunity to save time and money, is a powerful motivator for students to work hard and meet serious intellectual challenges. The program blends high school and college in a rigorous yet supportive program, compressing the time it takes to complete a high school diploma and the first two years of college. Approximately 80 high school students a year now take university courses on the campus of the community college of the district of columbia. In the fall of 2013, the program expanded to include montgomery college as a new partner. In place since 2004, the early college program has increased daily attendance rates, graduation rates, and college-going and completion rates. Community organization - chec was designed with the community in mind, by providing easy access to the community up to eighteen hours per day, seven days per week, for education, community meetings, entertainment, and sports events, without disrupting or interfering with school activities, providing a perfect blend of school and community. Community organizations provide contributions in support of various activities that benefit students and adult's holistic, social, and physical development needs. The contributions towards this program are used in support of facility maintenance, security, av technical, and management oversight support. Events occurring after hours in the evenings and weekends benefit students and adults who participate in extracurricular activities such as dance, soccer, meetings, and special occasion activities. Scholarships - mcip hosts an annual scholarship fundraising effort for the senior class. Spearheaded by the board of directors and the school's corporate advisory council, the amigos, support garnered throughout the school year culminates in the annual scholarship gala. Gala attendees support the scholarship fund through ticket sales and a silent auction. Guest tables range from 2,500 - 20,000 and are recognized in the gala program, mcip's website, and the official event support banner. Mcip directs and monitors the allocated awards to the respective colleges upon student acceptance and enrollment. The direct payments to the colleges ensure that donations are used specifically for higher education.

Form 990, Part IX, Line 11G

Independent contractors 724,329 1,113 0

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

Cash received from various agencies for the rotc defense fund and the public works program is segregated from cash and reported on the statement of financial position as other assets. Mcip is acting as an agent on behalf of these agencies to distribute these funds to students. A corresponding amount is relfected in the liability section of the statements of financial position as agency obligations.

Schedule D, Page 3, Part X

Mcip complies with the provisions of the fasb accounting standards codification topic accounting for uncertainty in income taxes for the years ended september 30, 2016 and 2015, no unrecognized tax provision or benefit exists.

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IRS990/MissionDesc0THE MISSION OF MCIP AND ITS PUBLIC SCHOOL AFFILIATE, CHEC, IS TO STRIVE TO BECOME A MODEL PROFESSIONAL LEARNING COMMUNITY THAT RESPECTS AND RESPONDS TO THE DIVERSE NEEDS OF OUR UNDERSERVED STUDENTS BY PREPARING THEM FOR THE ACADEMIC RIGORS OF COLLEGE AND AS LEADERS IN THE QUEST FOR SOCIAL JUSTICE. A PROFESSIONAL LEARNING COMMUNITY IS A COLLABORATIVE ACADEMIC ENVIRONMENT IN WHICH THE ADMINISTRATIVE STAFF AND TEACHERS IN A SCHOOL CONTINUOUSLY SEEK AND SHARE LEARNING AND THEN ACT ON WHAT THEY LEARN. THE GOAL IS TO ENHANCE THEIR EFFECTIVENESS AS PROFESSIONALS TO BENEFIT STUDENT EDUCATION. THE RESULTS OF THIS RESEARCH-BASED APPROACH IS THAT STUDENTS EXPERIENCE DECREASED DROPOUT RATE AND FEWER CLASSES "SKIPPED", LOWER RATES OF ABSENTEEISM, INCREASED LEARNING THAT IS DISTRIBUTED MORE EQUITABLY IN A SMALLER SIZED SCHOOL, GREATER ACADEMIC GAINS THAN IN TRADITIONAL SCHOOLS, AND SMALLER ACHIEVEMENT GAPS BETWEEN STUDENTS FROM DIFFERENT BACKGROUNDS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0BUILDING TRADES - THE BT PROGRAM INTRODUCES STUDENTS TO BASIC CARPENTRY, DRAFTING, MASONRY, AND THE USE OF COMPUTER AIDED DESIGN (AUTOCAD) SOFTWARE APPLICATIONS. THE DEVELOPMENT OF VISUALIZATION SKILLS, SKETCHING, AND THE USE OF SOFTWARE PROGRAMS USED IN COMPUTER AIDED DRAFTING ARE A MAIN FOCUS. HIGH QUALITY INDIVIDUAL WORK, TEAMWORK, COOPERATIVE LEARNING STRATEGIES, AND PROBLEM SOLVING APPROACHES ARE AN INTEGRAL PART OF THE COURSE MATERIAL. IN ADDITION, AN INTENSIVE WEEK LONG FOLLOW-UP COURSE FURTHER DEVELOPS SKILLS INTRODUCED IN THE AUTO CAD/DESIGN AND ENGINEERING CLASS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0632433
IRS990/ProgSrvcAccomActy3Grp/Desc0TEEN PARENT AND CHILD DEVELOPMENT CENTER - A NATIONAL ASSOCIATION FOR THE EDUCATION OF YOUNG CHILDREN (NAEYC) ACCREDITED PROGRAM THAT IS RUN BY A TEAM OF CERTIFIED EARLY CHILDHOOD EDUCATORS AND MAINTAINS A GOLD STAR RATING, THE DISTRICT'S HIGHEST EARLY CHILDHOOD CREDENTIAL. THE CENTER'S STAFF MEETS THE NEEDS OF INFANTS, TODDLERS AND THEIR TEEN PARENTS BY PROVIDING COGNITIVE AGE-APPROPRIATE ACTIVITIES AND CASE MANAGEMENT, AS WELL AS PARENTING CLASSES FOR TEEN PARENTS. IN ADDITION TO THE DAILY PROVISION OF QUALITY CHILDCARE SERVICE AND TEEN PARENTING SUPPORT, THE CENTER IS MISSIONED TO WORK WITH FATHERS AND GRANDPARENTS TO STRENGTHEN FAMILIES AND PROVIDE INTERGENERATIONAL PROGRAMMING.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0EDUCATION PROJECTS AND PROGRAMS - AN INNOVATIVE AND BOLD APPROACH TO LEVELING THE ECONOMIC PLAYING FIELD FOR COLLEGE-READY AND COLLEGE-BOUND STUDENTS OF LIMITED RESOURCES. IT IS BASED ON THE PRINCIPLE THAT ACADEMIC RIGOR, COMBINED WITH THE OPPORTUNITY TO SAVE TIME AND MONEY, IS A POWERFUL MOTIVATOR FOR STUDENTS TO WORK HARD AND MEET SERIOUS INTELLECTUAL CHALLENGES. THE PROGRAM BLENDS HIGH SCHOOL AND COLLEGE IN A RIGOROUS YET SUPPORTIVE PROGRAM, COMPRESSING THE TIME IT TAKES TO COMPLETE A HIGH SCHOOL DIPLOMA AND THE FIRST TWO YEARS OF COLLEGE. APPROXIMATELY 80 HIGH SCHOOL STUDENTS A YEAR NOW TAKE UNIVERSITY COURSES ON THE CAMPUS OF THE COMMUNITY COLLEGE OF THE DISTRICT OF COLUMBIA. IN THE FALL OF 2013, THE PROGRAM EXPANDED TO INCLUDE MONTGOMERY COLLEGE AS A NEW PARTNER. IN PLACE SINCE 2004, THE EARLY COLLEGE PROGRAM HAS INCREASED DAILY ATTENDANCE RATES, GRADUATION RATES, AND COLLEGE-GOING AND COMPLETION RATES. COMMUNITY ORGANIZATION - CHEC WAS DESIGNED WITH THE COMMUNITY IN MIND, BY PROVIDING EASY ACCESS TO THE COMMUNITY UP TO EIGHTEEN HOURS PER DAY, SEVEN DAYS PER WEEK, FOR EDUCATION, COMMUNITY MEETINGS, ENTERTAINMENT, AND SPORTS EVENTS, WITHOUT DISRUPTING OR INTERFERING WITH SCHOOL ACTIVITIES, PROVIDING A PERFECT BLEND OF SCHOOL AND COMMUNITY. COMMUNITY ORGANIZATIONS PROVIDE CONTRIBUTIONS IN SUPPORT OF VARIOUS ACTIVITIES THAT BENEFIT STUDENTS AND ADULT'S HOLISTIC, SOCIAL, AND PHYSICAL DEVELOPMENT NEEDS. THE CONTRIBUTIONS TOWARDS THIS PROGRAM ARE USED IN SUPPORT OF FACILITY MAINTENANCE, SECURITY, AV TECHNICAL, AND MANAGEMENT OVERSIGHT SUPPORT. EVENTS OCCURRING AFTER HOURS IN THE EVENINGS AND WEEKENDS BENEFIT STUDENTS AND ADULTS WHO PARTICIPATE IN EXTRACURRICULAR ACTIVITIES SUCH AS DANCE, SOCCER, MEETINGS, AND SPECIAL OCCASION ACTIVITIES. SCHOLARSHIPS - MCIP HOSTS AN ANNUAL SCHOLARSHIP FUNDRAISING EFFORT FOR THE SENIOR CLASS. SPEARHEADED BY THE BOARD OF DIRECTORS AND THE SCHOOL'S CORPORATE ADVISORY COUNCIL, THE AMIGOS, SUPPORT GARNERED THROUGHOUT THE SCHOOL YEAR CULMINATES IN THE ANNUAL SCHOLARSHIP GALA. GALA ATTENDEES SUPPORT THE SCHOLARSHIP FUND THROUGH TICKET SALES AND A SILENT AUCTION. GUEST TABLES RANGE FROM 2,500 - 20,000 AND ARE RECOGNIZED IN THE GALA PROGRAM, MCIP'S WEBSITE, AND THE OFFICIAL EVENT SUPPORT BANNER. MCIP DIRECTS AND MONITORS THE ALLOCATED AWARDS TO THE RESPECTIVE COLLEGES UPON STUDENT ACCEPTANCE AND ENROLLMENT. THE DIRECT PAYMENTS TO THE COLLEGES ENSURE THAT DONATIONS ARE USED SPECIFICALLY FOR HIGHER EDUCATION.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CASH RECEIVED FROM VARIOUS AGENCIES FOR THE ROTC DEFENSE FUND AND THE PUBLIC WORKS PROGRAM IS SEGREGATED FROM CASH AND REPORTED ON THE STATEMENT OF FINANCIAL POSITION AS OTHER ASSETS. MCIP IS ACTING AS AN AGENT ON BEHALF OF THESE AGENCIES TO DISTRIBUTE THESE FUNDS TO STUDENTS. A CORRESPONDING AMOUNT IS RELFECTED IN THE LIABILITY SECTION OF THE STATEMENTS OF FINANCIAL POSITION AS AGENCY OBLIGATIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MCIP COMPLIES WITH THE PROVISIONS OF THE FASB ACCOUNTING STANDARDS CODIFICATION TOPIC ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED SEPTEMBER 30, 2016 AND 2015, NO UNRECOGNIZED TAX PROVISION OR BENEFIT EXISTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0MCIP ALLOWS ONE YEAR TO CLAIM THE FULL SCHOLARSHIP AWARDED. THE SCHOLARSHIPS ARE ONLY GIVEN WHEN A REQUEST IS MADE FOR REMITTANCE TO THE RESPECTIVE SCHOOL ON BEHALF OF THE STUDENT. SCHOLARSHIP AWARD BALANCES ARE REVIEWED MONTHLY.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.33$0.28$1.05$2.88$2.94$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.42$0.39$1.03$2.42$2.46$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.27$1.04$2.73$2.13$0.60
2021Detailed filing. Detailed filing data is available for this year.$0.70$0.20$0.50$2.16$2.01$0.15
2020Detailed filing. Detailed filing data is available for this year.$0.74$0.42$0.32$1.96$2.10$0.14
2019Detailed filing. Detailed filing data is available for this year.$0.63$0.16$0.47$2.19$2.40$0.21
2018Detailed filing. Detailed filing data is available for this year.$0.80$0.14$0.66$2.32$2.36$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.88$0.18$0.70$3.33$3.08$0.25
2016Detailed filing. Detailed filing data is available for this year.$1.06$0.62$0.45$2.46$2.64$0.18
2015Detailed filing. Detailed filing data is available for this year.$1.15$0.53$0.63$2.01$2.10$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.43$0.71$0.73$2.26$2.11$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.49$0.58$2.17
2012Summary only. Only limited summary data is available for this year.$1.11$0.31$0.79$1.33$1.59$0.26
2011Summary only. Only limited summary data is available for this year.$1.39$0.33$1.05$1.43$1.73$0.31